Looks like it wasn't making great business sense for them. The maximum you can earn after the change is 150 points per day, or 54,750 a year (4,562/month).

The other alternative is this:

If you're big on savings you'll love our Qantas Points Saver - where you can earn more than interest on your savings

www.qudosbank.com.au

Earn 400 Qantas Points* per annum for every $1000 of your balance, credited monthly

Qantas Points Saver

400 Ordinary Qantas Points per annum for each $1,000 of the Average Balance in credit, up to a total Average Balance per Member of $1,000,000.

Ordinary Qantas Points will be calculated on a monthly basis using the following formula:

(Average Balance for relevant account / 1000 ) x (number of Ordinary Qantas Points for relevant product / 12 ) = monthly points

By simply switching your loan, deposit or credit card to a Qantas Points Banking product you'll be rewarded with Qantas Frequent Flyer Points each month.

www.qudosbank.com.au

Using the calculator:

$50,000 gives you 20,038 points per year.

$1,000 gives you 33 points per month and 396 points per year.

A BW balance of $1,000 gives you 3 points per day or 1,095 points per year

2.75x difference in earn.